Breaking News
Nov 30, 2022
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Mortgage applications declined 0.8% for the week ending Nov 28th, after rising 2.2% in the previous week, the Mortgage Bankers Association said Wednesday.
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Consumer price inflation declined to 10.0% in the euro zone from a record high 10.6% in October, Eurostat data showed Wednesday.
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Major averages on Wall Street soared between 2% and 3% after Fed Chairman Powell suggested the pace of future rate hikes may slow down from December.
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Costco Wholesale said November sales increased 5.7% to $19.1 billion but e-commerce sales dropped 10.1% from a year ago.
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Five Below said revenue in Q3 increased 6.2% to $645 million but net income plunged to $16.2 million from $24.2 million or 29 cents from 43 cents a year ago.
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Victoria's Secret said Q3 sales fell 8.5% to $1.32 billion and earnings plunged to $24.4 million from $75.2 million or 29 cents from 81 cents a year ago.
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Salesforce said co-CEO Bret Taylor has decided to step down from the company.
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Salesforce said Q3 revenue increased 14% to $7.8 billion and earnings declined to $210 million from $468 million or 21 cents from 48 cents a year ago.
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Former leader of China and the Communist Party, Jiang Zemin died because of leukemia, he was 96. China-controlled Xinhua news agency said.
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HSBC agreed to sell its Canada business for $10 billion to Royal Bank of Canada.
Nov 29, 2022